Grid Metals Advances Falcon West with New Resource Estimations

Grid Metals Corp. has initiated a mineral resource estimate for the Lucy South pegmatite at the Falcon West property in Manitoba, targeting cesium and lithium. Collaborating with Avenir Minerals Limited under a joint venture, the estimate is conducted by SGS Canada Inc. in compliance with National Instrument 43-101. Results are expected this fall.

A recent agreement saw Grid sell 15% of Falcon West to Avenir for C$3,750,000, allowing Avenir to increase its Grid stake to 19.99% following the resource estimate. Additionally, Avenir can acquire a further 15% of the property contingent on a Preliminary Economic Assessment.

The Phase 2 drill program at Lucy South targeted the core zone, reporting significant cesium oxide and lithium oxide intercepts, demonstrating the resource potential. The drilling continues to affirm the presence of pollucite and spodumene mineralization.